Extending the programs for a year would also boost the economy $1.10 for each dollar of cost since the recipients would soon spend those funds. GDP would rise by 0.2% and 300,000 jobs would be added, according to CBO.

Here's a link to the original story. What I don't get is how you put X amount of money into the economy and get X + 0.10 in return. Could someone explain this for me?

almost - this is how banks make money... creating none existing money by lending more money than they got...._________________Study finds stunning lack of racial, gender, and economic diversity among middle-class white males

Extending the programs for a year would also boost the economy $1.10 for each dollar of cost since the recipients would soon spend those funds. GDP would rise by 0.2% and 300,000 jobs would be added, according to CBO.

Here's a link to the original story. What I don't get is how you put X amount of money into the economy and get X + 0.10 in return. Could someone explain this for me?

This has nothing to do with the bank "money multiplier"; it's leftist bullshit to justify government taxation and spending. Government tax-and-spend must always be viewed relative to the alternative, and in that light, it doesn't increase GDP, it decreases it.

In short, it's a load of bullshit. Why can't they just be honest and justify social programs on the basis that they are needed to help relieve suffering? Why do they have to lie and pretend that it has an economically stimulative effect? It doesn't; its effect is the opposite.

This has nothing to do with the bank "money multiplier"; it's leftist bullshit to justify government taxation and spending. Government tax-and-spend must always be viewed relative to the alternative, and in that light, it doesn't increase GDP, it decreases it.

In short, it's a load of bullshit. Why can't they just be honest and justify social programs on the basis that they are needed to help relieve suffering? Why do they have to lie and pretend that it has an economically stimulative effect? It doesn't; its effect is the opposite.

oh yeah, because people always spend all their money and such one rich bastard is as good for the economy as 100 poor ones who just try to stay alive...._________________Study finds stunning lack of racial, gender, and economic diversity among middle-class white males